Interest Upfront Fixed Deposit (IUFD)

Break the Convention & Earn Your Interest Upfront !

The name says it all! Interest Upfront. UCB’s Interest Upfront Fixed Deposit credits the full interest earnings into the customer’s account the day the FD is opened. Now you can enjoy the reward of your patience without waiting! This is a major departure from the conventional Fixed Deposit product in the market.

Key Features:

Full tenor’s interest paid at the day of FD opening. Hence, Effective Rate will be much higher than the published rate due to reinvestment opportunity

Open with minimum 50,000 taka with no upper limit

Available tenors: 12 & 18 months

Preferential Interest Rate for Senior Citizens (60 years & above)

Interest for the whole tenor will be credited automatically to UCB Current/Savings Account on the day of FD opening. Stand Alone IUFD is NOT ALLOWED. Customer must have to open/have a link account (either Current/Savings Account with UCB)

Fulfill urgent financial requirements without breaking the FD by availing credit facility up to 80% of the deposit

Automatic renewal of the FD

Partial Encashment of the FD is NOT ALLOWED

24/7 instant access to link account balance through any VISA/MasterCard ATM all over the country

Interest Rate:

12 Months

18 Months

Regular Customer

5.50% p.a.

5.75% p.a.

Senior Citizen
(60 years & above)

5.75% p.a.

6.00% p.a.

For details, please contact your nearest UCB Branch or call

Note:

Income tax on interest & Excise Duty will be as per prevailing regulatory guidelines